Melbourne is a bustling city known for its vibrant lifestyle, stunning architecture, and excellent educational institutions. It’s no surprise that many people dream of owning a house in Melbourne. However, with the high cost of living, it can be challenging to find an affordable house for sale under $400,000. The good news is that it’s not impossible. With a little research and guidance, you can find your dream house in Melbourne without breaking the bank.
If you’re on the lookout for a house under $400,000 in Melbourne, it’s essential to consider the location, accessibility, and amenities. While it’s easier to find affordable options in the suburbs, it’s crucial to weigh the proximity to transportation, schools, and shopping centers. With the right approach, you can find a home that meets your budget, lifestyle, and preferences. Here’s where to find the best Melbourne houses for sale under $400,000.
1. Northern suburbs
The northern suburbs of Melbourne offer plenty of options for affordable housing. Suburbs like Broadmeadows, Roxburgh Park, and Fawkner have a diverse range of houses for sale under $400,000. These suburbs are well-connected to public transportation and have easy access to major highways. You can find excellent schools, shopping centers, and recreational parks in these areas.
2. Western suburbs
The western suburbs are another excellent option for affordable housing in Melbourne. Suburbs like Melton and Deer Park have a range of properties for sale under $400,000. These suburbs offer a relaxed lifestyle, with easy access to shopping centers, schools, and healthcare facilities. The western suburbs are well-connected to the city center, making them an ideal choice for those who work in Melbourne CBD.
3. Frankston
Frankston is a beautiful suburb in Melbourne’s southeast, with a range of affordable housing options. You can find properties ranging from small apartments to spacious family homes. The suburb offers easy access to beautiful beaches and outdoor recreational areas. Frankston also has excellent schools and healthcare facilities, making it an ideal choice for families.
4. Pakenham
Located in Melbourne’s southeast, Pakenham is a family-friendly suburb with affordable housing options. You can find spacious homes for sale under $400,000, with easy access to public transportation and major highways. The suburb has excellent schools, shopping centers, and recreational facilities, making it an ideal choice for families.
5. Werribee
Werribee is a popular suburb in Melbourne’s southwest, offering affordable housing options. You can find spacious homes and apartments for sale under $400,000, with easy access to public transportation and major highways. The suburb has plenty of shopping centers, schools, and recreational parks, making it an ideal choice for families.
6. Tarneit
Tarneit is a growing suburb in Melbourne’s west, offering affordable housing options for first-time buyers. You can find a range of properties for sale under $400,000, from apartments to spacious family homes. The suburb has plenty of facilities like schools, shopping centers, and recreational parks, making it an ideal choice for families.
7. Cranbourne
Cranbourne is a vibrant suburb in Melbourne’s southeast, offering affordable housing options. You can find spacious homes for sale under $400,000, with easy access to public transportation and major highways. The suburb has excellent schools, shopping centers, and recreational parks, making it an ideal choice for families.
8. Craigieburn
Craigieburn is a growing suburb in Melbourne’s north, offering affordable housing options for first-time buyers. You can find a range of properties for sale under $400,000, from apartments to spacious family homes. The suburb has excellent schools, shopping centers, and recreational parks, making it an ideal choice for families.
9. Sunbury
Sunbury is a beautiful suburb located in Melbourne’s northwest, offering affordable housing options. You can find spacious homes for sale under $400,000, with easy access to public transportation and major highways. The suburb has plenty of shopping centers, schools, and recreational parks, making it an ideal choice for families.
10. Dandenong
Dandenong is a bustling suburb in Melbourne’s southeast, offering affordable housing options. You can find spacious homes for sale under $400,000, with easy access to public transportation and major highways. The suburb has excellent schools, shopping centers, and recreational parks, making it an ideal choice for families.
Conclusion
There are plenty of options for finding a house for sale under $400,000 in Melbourne. It’s essential to consider factors like location, accessibility, and amenities when choosing a suburb. The suburbs mentioned above offer a range of affordable housing options, making them an ideal choice for first-time buyers and young families. If you plan to buy a house in Melbourne, make sure to read our Guide to Buying a House in Melbourne for more information and guidance.
FAQs
What is the average cost of a house in Melbourne?
The average cost of a house for sale in Melbourne is around $700,000. However, there are plenty of suburbs where you can find properties for sale under $400,000, making them an ideal choice for first-time buyers and young families.
What should I consider when buying a house in Melbourne?
When buying a house in Melbourne, you should consider factors like location, accessibility, amenities, and proximity to public transportation, schools, and shopping centers. It’s also essential to have a clear understanding of your budget and financial capacity.
What are the best suburbs in Melbourne for first-time buyers?
The best suburbs for first-time buyers depend on factors like location, accessibility, and amenities. Some of the best suburbs in Melbourne for first-time buyers include Broadmeadows, Roxburgh Park, Frankston, Werribee, Tarneit, Craigieburn, Sunbury, and Dandenong.
Is it easy to get a home loan in Melbourne?
Getting a home loan in Melbourne depends on factors like your credit score, financial capacity, and property value. It’s essential to do your research and compare different lenders to find the best home loan options that match your needs and budget.
